Over the past decade Sony has fallen from tech giant to struggling underdog, with a series of…
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The $5.7 billion loss is for the 2011 financial year, of which $3.2 billion was racked up in the final quarter. Sony points to "unfavourable" foreign exchange rates, the impact of a Japanese earthquake and the floods in Thailand as reasons for its under-performance.

To that list, you can add: a bloated and confusing catalog of products; a sucky online strategy; and mis-focused efforts on emerging technologies. Somehow, Sony is staying positive and predicts a profit in 2012. Really? By selling stuff like this? Yeah, right. [Sony via AP]
Image by Steve.M~ under Creative Commons license